HB Wealth Management LLC Has $363,000 Stake in BXP, Inc. $BXP

HB Wealth Management LLC lowered its stake in BXP, Inc. (NYSE:BXP) by 21.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,385 shares of the real estate investment trust’s stock after selling 1,465 shares during the quarter. HB Wealth Management LLC’s holdings in BXP were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in shares of BXP by 0.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,001,208 shares of the real estate investment trust’s stock valued at $134,461,000 after acquiring an additional 17,385 shares during the last quarter. Nuveen LLC acquired a new stake in shares of BXP in the first quarter valued at about $14,737,000. Swedbank AB increased its position in shares of BXP by 14.8% in the second quarter. Swedbank AB now owns 124,545 shares of the real estate investment trust’s stock valued at $8,403,000 after acquiring an additional 16,019 shares during the last quarter. NewSquare Capital LLC increased its position in shares of BXP by 98.3% in the first quarter. NewSquare Capital LLC now owns 108,363 shares of the real estate investment trust’s stock valued at $7,281,000 after acquiring an additional 53,727 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of BXP by 801.4% in the first quarter. Tredje AP fonden now owns 107,921 shares of the real estate investment trust’s stock valued at $7,251,000 after acquiring an additional 95,948 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BXP shares. BMO Capital Markets lowered their target price on BXP from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 9th. Compass Point downgraded BXP from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research report on Wednesday, September 10th. JPMorgan Chase & Co. raised BXP from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $72.00 to $78.00 in a research report on Monday, June 23rd. Piper Sandler lifted their price target on BXP from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, September 9th. Finally, Morgan Stanley lifted their price target on BXP from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BXP has a consensus rating of “Hold” and an average price target of $77.88.

BXP Trading Down 1.3%

Shares of NYSE:BXP opened at $74.59 on Tuesday. BXP, Inc. has a 12-month low of $54.22 and a 12-month high of $90.11. The stock has a market cap of $11.81 billion, a PE ratio of 2,487.16, a P/E/G ratio of 7.93 and a beta of 1.22. The business has a 50 day moving average of $71.37 and a 200-day moving average of $68.68. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 2.06.

BXP (NYSE:BXP) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. BXP had a return on equity of 3.89% and a net margin of 0.11%.The company had revenue of $868.46 million during the quarter, compared to analysts’ expectations of $845.09 million. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. BXP has set its FY 2025 guidance at 6.840-6.92 EPS. Q3 2025 guidance at 1.690-1.71 EPS. As a group, equities research analysts forecast that BXP, Inc. will post 6.91 earnings per share for the current year.

BXP Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 30th. BXP’s payout ratio is currently 9,333.33%.

BXP Company Profile

Boston Properties, Inc (NYSE: BXP) (BXP or the Company) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for our clients and communities for more than 50 years.